How to Buy Orchid (OXT) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Orchid, and is trustworthy!

You can find our top 3 exchanges for buying Orchid here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Orchid

And of course, the final step is to find Orchid on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Orchid (OXT)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Orchid

  1. Sign into the exchange
  2. Find where you stored your Orchid, either on a hardware wallet or on the exchange.
  3. Transfer your Orchid to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Orchid.
Businessman looking at crypto trend

Considerations when looking to buy Orchid.

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Orchid was launched in December 2019 and is described as the first peer-to-peer, incentivized privacy network.

Its goal is to eliminate internet freedom restrictions by using cryptocurrency payments to enable anyone to buy bandwidth from any participating provider. These are called probabilistic nanopayments and occur using OXT on Ethereum, which is an ERC-20 standard token.

Orchid can make regular payments to providers off-chain to avoid congestion and gas fees.

This service is paid-per-use. Users pay only when they connect to it, rather than paying monthly or annual fees.

Orchid's main goal is to use blockchain technology to improve the VPN experience.

Users can enjoy anonymous VPN usage without the need for a centralized server or the risk associated with an infrastructure in a country by using crypto-based probabilistic nanopayments.

OXT, a freely-exchangeable ERC-20 token provides owners with an incentive to trade and increase their network value.

Users can also purchase "Orchid credit" using fiat currency as a separate feature. OXT can only be used with network providers and cannot be withdrawn or converted to another currency. This is to appeal to people who don't want to transact in cryptocurrency.

Orchid's appeal isn't just for cryptocurrency users. Developers point out a growing trend towards internet freedom in the face geopolitical tensions, as well as local restrictions.

Web 3.0 technology provides some semblance to an open internet. It was created in 1990, when consumer access became mainstream.